Puravankara Limited has informed the Exchange regarding a press release dated August 08, 2025, titled "Puravankara clocks revenue of Rs 539 Crores, GDV of new land acquisitions at Rs 6,400 Crores in Q1FY26".
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Puravankara reported Q1FY26 revenue of Rs 539 crores but posted a net loss of Rs 69 crores for the quarter. Pre-sales stood at Rs 1,124 crores, up 6% year-on-year, on a volume of 1.25 million sq ft, with average realisation rising 9% to Rs 8,988 per sq ft. Collections were healthy at Rs 857 crores. The company added new land with a Gross Development Value (GDV) potential of Rs 6,400 crores, including a Mumbai redevelopment project in Chembur (Rs 2,100 crores), a JV near Bengaluru airport (Rs 3,300 crores), and a JDA in Balegere (Rs 1,000 crores). Handovers and launches were temporarily hit by regulatory changes like e-Khata and revised byelaws, but management says these are now resolved. The weighted average cost of debt fell to 11.35%, with net debt at Rs 2,825 crores and a net debt-to-equity ratio of 1.68. Total estimated surplus across all projects stands at over Rs 15,427 crores.
Despite a quarterly net loss, sales momentum and collections remain strong, and the large land bank additions signal robust future growth. Easing regulatory bottlenecks and falling debt costs are positives, though investors should watch for a return to profitability once delayed handovers of 3,015 pending units are completed.